Tsafi Goldman Sells 96,350 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tsafi Goldman also recently made the following trade(s):

• On Tuesday, December 10th, Tsafi Goldman sold 263,873 shares of Payoneer Global stock. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $10.48 on Monday. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29. The company has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $7.96. The firm has a market capitalization of $3.74 billion, a PE ratio of 29.94 and a beta of 0.90.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities analysts forecast that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Northland Securities raised their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group upped their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark increased their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lowered Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $11.36.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently added to or reduced their stakes in PAYO. Van ECK Associates Corp boosted its holdings in shares of Payoneer Global by 1.6% during the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after acquiring an additional 1,306 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Payoneer Global by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock valued at $1,250,000 after purchasing an additional 1,907 shares during the period. Xponance Inc. boosted its stake in Payoneer Global by 12.1% during the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the period. Y.D. More Investments Ltd grew its position in Payoneer Global by 11.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock worth $122,000 after purchasing an additional 2,328 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after purchasing an additional 2,425 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.